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Looking back over the last two years, it was a wild roller coaster ride for crypts. 2017 saw a hyperbolic increase in price, only for 2018 to eliminate most of the new value of the encrypted market. It was harmful for some people and many people were shocked.
However, for those still involved, if the story of Bitcoin and Crypto has taught us anything, it is that market cycles take place; when prices increase, they soon break – and then they are rinsed and repeated. Now that 2019 is coming, everyone speculates and foresees what the next year will keep for Bitcoin and cryptocurrencies.
One of the most important opinions on this is from an article published by Weiss cryptocurrency evaluations, the famous risk assessment company that has deepened the world of cryptography.
According to Weiss, 2018 was a disastrous year for cryptocurrencies, but only in terms of price action. Regarding technology, the Weiss team believes it has been a year of great progress.
Looking forward to 2019
In the Weiss Cryptocurrency Ratings 2019 forecast, the company based its forecasts on 2 models.
The first is a model of cycles that helps to estimate the times of the main market trends. The second is a model that identifies cryptocurrencies with the strongest combination of risk, reward, technology and adoption.
Each model is compiled by tens of thousands of data points analyzed weekly. Using these models, the Weiss team has developed 7 different forecasts for 2019 and beyond.
Forecast # 1
"Bitcoin will increasingly be used as a store of value."
According to the Weiss analyst team, Bitcoin represents great added value and is on track to become a true digital gold.
They believe in it for a variety of reasons, including the fact that Bitcoin is extremely efficient to transport, it costs practically nothing to preserve, it is safe and can not be confiscated by any government.
In the same way, at the moment there are no other cryptocurrencies or other types of resources in the world that have the same properties and Bitcoin.
Forecast n. 2
"The price of Bitcoin will rise again and will head towards new historical highs".
Based on their timing model of key market trends, Weiss analysts believe Bitcoin will rise and head towards new historical highs in 2019 and beyond. They said that most of the weak hands have already started in 2018 and, on the whole, the foundations have been laid for a new bull market.
Forecast # 3
"Select altcoins will increase from relative darkness up to 20 times their previous historical highs."
Weiss analysts predict that only a few selected altcoins will rise to the top and even exceed their peaks of 2017-2018. They believe that these coins will have a technology superior to that of most, leaving the rest behind while they see substantial gains.
Forecast # 4
"A select group of criptos will compete to create a new type of internet."
Weiss Cryptocurrency ratings believe that coins like EOS (EOS), Cardano (ADA), is Holochain (HOT) they are paving the way for the creation of Internet 3.0, which is a more secure, stable and sustainable global network.
They also believe that there will be other competitors who have not yet joined the market. We should expect to see new currencies emerge in 2019, one of which could one day have more than one trillion dollars on the market if they manage to create Internet 3.0.
Forecast # 5
"Another selected group of cryptocurrencies will upset the banking world".
An unpopular opinion among Bitcoin maximalists, but shared among Weiss Cryptocurrency Ratings analysts, is that Ripple's XRP, Stellar or other currencies will become the new type of digital payment network.
Analysts believe that the coins mentioned here are more likely to break the financial markets, remittances, bank transfers and more.
Forecast n. 6
"Bitcoin me – even the coins will vanish".
Weiss analysts said that many coins will disappear in 2019 and beyond. One of the types of coins that may not have a future are the encrypted ones that offer nothing new compared to Bitcoin.
These cryptocurrencies, whose use cases are not innovative enough to distinguish them on the market at the end to die.
Forecast # 7
"The new coins will go up among the top 10".
Weiss analysts believe that new currencies such as Holochain or Hedera Hashgraph and others have the potential to quickly rise to the top 10 by market capitalization. These two projects use non-blockchain distributed accounting technology and analysts believe they will take a large majority of the market share from other projects.
What do you think about the Weiss Cryptocurrency Ratings forecasts? What are your predictions on cryptocurrency until 2019? Let us know in the comments section below.
